Its expensive to drill from surface to upgrade the JORC from inferred to Indicated/Measured. FFM is unwilling to expend the cash needed to dewater and refurb the mine to get underground drilling started. The strategy seemed to be to get 3M oz Inferred then shop for a buyer. Proving a challenge and one a buyer would need to discount on an offer price.
Its expensive to drill from surface to upgrade the JORC from...
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Last
$1.01 |
Change
0.000(0.00%) |
Mkt cap ! $485.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 103 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 5350 | 1 |
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| Last trade - 09.44am 27/09/2024 (20 minute delay) ? |
| FFM (ASX) Chart |
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